Quantcast

Admin less likely in short term

705

Robbed of the ability to accept credit cards, or roll-over Standing Order fans’ payments, by all accounts season ticket renewals at Newco Rangers has been considerably less than those of fellow lower league club Hearts.

Notwithstanding all of this, the Ibrox club’s remarkable PR people this morning published an article titled “Season ticket waiting list”!  Waiting list!!  Every word is priceless.

I’ve long maintained that anyone looking for a strategy in any of this was misguided but one thing you can be sure of, the lawyers will be giving advice on when to flush the club down the lavvy (ven.).

Newco have banked season ticket cash from a few thousand people, giving them a liability to stage football games until May next year.  If they are unable to stage those games, they cannot spend, or continue to accept, that money.  None of this was relevant before deadline day, but the extended deadline passed yesterday, so the club now have their primary indicator of how much income they will receive this financial year.

If the board believe they do not have enough income to finish the season, they must stop spending – and accepting – season ticket money, and ask the court to appoint an administrator.  Despite the apparent inevitability of this, the board can roll the dice for a while yet.

They can reasonably claim to have an expectation thousands of more tickets will go before the season starts, or that the club can embark on another share issue, but in the meantime, they must continue to pay wages and other costs.  Cash is king when you don’t have bank support and hundreds of staff will continue to earn wages over the summer months.

Wages and other costs will need to be met for May, June and July, before Newco’s biggest vat bill of the year becomes payable in the first week in August.  Ticket sales would need to pick up incredibly in the coming weeks to see them through this.

I don’t expect administration this week.  The club has cash in the bank, has a theoretical chance of turning things around and, as far as we know, is meeting all liabilities when due.  The more likely time administrators would be required is when creditors cannot be paid on time.

There’s an interesting media angle on all of this. Graham Wallace is a hired professional, there to deliver a future for a football club in distress, no more and no less. Sections of the media compliant with ‘the rebels’ (cough) are now telling readers he has made several sackable offences.

It suits King & co if anyone with a modicum of competence to leaves the premises. This campaign is brutal, but remember, don’t go looking for a coherent strategy, there isn’t one.

Speaking to season ticket renewals

Saturday’s magnificent Scottish Cup Final had a fitting home at Celtic Park but the Celtic show only rolls on if you, me and tens of thousands of our close friends want Celtic succeed as much as Newco’s fans want their club to fail, by buying our season ticket.

The most important ticket deadline in football is THIS FRIDAY, 23rd May.  Be there, or be less shamrock shaped.  When it comes to supporters, faithfulness trumps loyalty any day.

After watching St Johnstone win the Scottish Cup, in what was a genuinely thrilling final on Saturday, you could not come to any other conclusion that this was a fantastic season for Scottish football.  Celtic were irresistible in the league, Aberdeen and Dundee United resurged, Motherwell were again Best of the Rest, which is not quit the league title it could be, but still an achievement.  I’m loving the game this way.

Congratulations to Atletico Madrid for achieving what seemed impossible only a few months ago.  Congratulations also to Barcelona fans, who applauded the league winners in recognition of that achievement.  There are some good guys in the game.

[calameo code=000390171873c910154bd lang=en page=106 hidelinks=1 width=100% height=500]
Click Here for Comments >
Share.

About Author

705 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 19

  1. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    SYDNEY TIM

     

     

    Dunno,mate. What we are doing certainly doesn’t seem to be working,given say the last three decades.

     

     

    But as has been said,the new set-up needed time to prove itself.

     

     

    There are more players now trying to punch through that ceiling than has recently been the case.

     

     

    For me,persevere for another few years,fingers crossed it isnae a false dawn!

  2. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    Blinkin flip,there’s some sharp guys on for a Monday.

  3. Wow you Lhads are swift. Turn of pace! Can any of you play upfront for ra Celic?!?

     

     

    ;-)

     

     

    HH jamesgang

  4. !!Bada Bing!! on

    P67-Regan and Doncaster were full of bluster after Newco was set up,saying they would make sure no other clubs would be in such a position again,by keeping an eye on the books of all clubs.Should they not be chapping the door down Govan way? Can they guarantee they can fulfil next season’s fixtures ?

  5. Be fair Paul.

     

     

    I can remember when Celtic had a bit if a mythical season ticket waiting list.

  6. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    PAUL67

     

     

    Bad news if the huns can hold off admin over the summer.

     

     

    You know what this place can be like during the dead months without an R in them.

     

     

    Since we certainly canny laugh at ourselves,we need another object of ridicule.

     

     

    Who was that clown who got the RANGERS FIGHTING FUND money again?

  7. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    Oh,aye.

     

     

    Charlie.

     

     

    I remember now,haha!

  8. Up until a decade or so ago, Celtic and indeed most football clubs, existed from gate receipts every other Saturday?

     

    It could be argued that the Govan club can expect reasonable at the gate payments when they embark on their latest adventure after summer.

     

    If they can get past the Commonwealth games, survive the marching season and still be standing when the grouse shooting starts, they will have a reasonable expectation of attracting enough pay at the gate fans to stumble through till The end of the season.

     

    If they are able to cut their payroll, get rid of their incapable manager and challenge for the title, they may even reach Eldorado.

  9. Interesting article Paul. But given our failure to produce top grade players from our youth system in last 40 years, is it time to look again on our youth development system

     

    No point in next generation wins and youth cup and league wins if these players are not making the 1st team

  10. Dontbrattbakkinanger on

    ‘Be there, or be less shamrock shaped’

     

     

    -is it not ‘be less fourleafclover shaped’?

  11. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    JAMESGANG

     

     

    Re our introduction on Saturday,I told my Dad about the question I asked you as I headed out for a fag.

     

     

    Dear dear.

     

     

    Smashing meeting you,bud.

     

     

    Another for Giants Corner.

     

     

    ShouldaatemaporridgeCSC

  12. Do the people who hold a grudge (being polite) against an Atletico team from a bygone era hate all Germans for being Nazis? FFS leave the past where it belongs – or do you believe that the sins of your father are passed on to you?

  13. Paul

     

     

    I must say this article disappoints me a little: resorting as it does to the use toilet humour …

     

     

    FF 【ツ】

  14. Sydney Tim………..We are bringing through talent, good quality stuff too.

     

     

    A managers job is results driven, if ANY Celtic manager loses 3 games on the bounce his jaiket is on a shoogly nail. This fact (for me) mitigates any Celtic manager from bringing MULTIPLE kids through per season.

     

     

    We have all heard the terrace managers absolutely slag off our own players, Lenny (or and Celtic manager) needs to be cautious.

     

     

    Fisher, Henderson, Twardicz (sp?) is not too shabby in a season IMHO.

  15. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    DENIABHOY

     

     

    Tin hat on,but I’ve got their centenary top.

     

     

    Nice to wear on a sunny day.

     

     

    In Swindon.

     

     

    Possibly not for a dayooooot back home!

     

     

    It’s done,move on. They have.

  16. deniabhoy

     

     

    12:34 on 19 May, 2014

     

     

    Just thinking the same thing when I saw the ‘ atleticio Madrid scum ‘ comment. Very strange grudge to hold. HH

  17. SyndneyTim – most big teams have a youth academy (if not all). Most big teams are not averaging a new 1st team player from said academy every season. Or even every other season.

  18. Beats me, why anyone would want to get involved with Newco, let alone invest in them.

     

    Unless you feel your owed something? £20 million from the last time you stuck your nose in the trough..!! Or am I being cynical..???

  19. On yoot football.

     

    Can anyone name a youth team(11-14 players) successful at a high level where the majority of said players on reaching adulthood were also successful at a high level.

     

    Club or international.

     

     

    Celtic many teams one CLUB

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    Daft wee question since we’re discussing Spanish football-a bit.

     

     

    Barcelona and Real Madrid have never been relegated from the top division.

     

     

    Which other top division side can say the same?

  21. Hrvatski Jim on

    I nipped down to the ticket office to renew this morning.

     

     

    Took the dog with me for a run in the car but hustled him over the Celtic Way without giving him time to stop and lift his leg.

     

     

    No damage was caused.

  22. as big “Henrick” Hendricks might say……

     

    ….”with a four-leafed clover on my breasts…………….”

     

     

    ;)

  23. !!Bada Bing!!

     

    12:27 on

     

    19 May, 2014

     

    P67-Regan and Doncaster were full of bluster after Newco was set up,saying they would make sure no other clubs ………

     

    =======

     

    The key part of the above is the term ” no other clubs”.

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 19